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Jun 18, 2013
06/13
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they're angry about high taxes, corruption. also, brazil is spending a huge amount of money to host the world cup next year and the 2016 olympics. the protesters say the money would be better spent on schools, hospitals and other social services. >> wow. what a volatile situation. what an incredibly volatile situation. i just want to say one thing very quickly, george. immigration. i believe immigration is pro growth. cdo actually confirms that. >> i believe it's pro growth, but we really should focus on bringing immigrants who will reinforce their knowledge economy right today. we're inviting low income immigrants and are ejecting graduates from m.i.t. and cal tech and stanford who want to join the u.s. economy. instead we're sending them back to the middle east, china, india and -- >> braniacs i call them. >> it's a terrible mistake. >> i've got to jump out. we'll cover this later. immigration reform a good thing. thank you, seema mody. i appreciate it. >>> markets have been in flex with bernanke. kudlow viewers have heard th
they're angry about high taxes, corruption. also, brazil is spending a huge amount of money to host the world cup next year and the 2016 olympics. the protesters say the money would be better spent on schools, hospitals and other social services. >> wow. what a volatile situation. what an incredibly volatile situation. i just want to say one thing very quickly, george. immigration. i believe immigration is pro growth. cdo actually confirms that. >> i believe it's pro growth, but we...
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93
Apr 9, 2013
04/13
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cap deductions at 28%, so when you tax oil and gas companies, $800 billion tax hike. where is this leading? how can you improve the jobs numbers in the economy with this kind of tax and spend budget? >> well, you kind of gave mixed spiel on the budget. bottom line, paul's budget, the ryan budget, i think says the long-term debt is the big problem and we've got to attack it. that's a legitimate concern. but the president's budget is attempting to address some other things. the crumbling infrastructure, wage inequality, stagnant wages. and, in fact, the budget should reflect all of the challenges this country faces and we need more revenues and is we can get some without the hurting the economy, especially if we clean up the tax code. i would like to see us be in negotiations on this. and this is a point, larry, all of us should take a look at. the house did pass a budget. the senates passed a budget. and are we going to continue with regular order and have a conference to negotiate these two competing budgets. my view is we should. >> all right. congressman mulvaney, w
cap deductions at 28%, so when you tax oil and gas companies, $800 billion tax hike. where is this leading? how can you improve the jobs numbers in the economy with this kind of tax and spend budget? >> well, you kind of gave mixed spiel on the budget. bottom line, paul's budget, the ryan budget, i think says the long-term debt is the big problem and we've got to attack it. that's a legitimate concern. but the president's budget is attempting to address some other things. the crumbling...
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Mar 6, 2013
03/13
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and when you have taxes going up in this economy and taxes going up in europe and japan and china dealing with the realize state bubble. we have to get back to basics. a sound monetary policy is how you get a sustained recovery. from the mid 60s to the early 80s we had wonderful rallies in the stock market. but the market tanks in that 16-year-old period and we are doing the same thing since the 1990s. you have to look at tax rates and spending and regulations and trade. i agree with that. i want to say, maybe i'm getting soft and mellowed out. bernanke said don't blame me for inflation. so we all looked it up and the guy is right. the rate is less than 2%. given all the money he has printed that is a low rate. i think that the dollar has been firm and has not collapsed. i'm watching gold lose it's interest. if you are worried about inflation, i don't see the inflation. it is kind of out there but it is note happnot happening. i wi i will say as long as profits continue to rise. this stock market has room to rise corrections and all. doesn't the fed owe it to us toism plain how when it co
and when you have taxes going up in this economy and taxes going up in europe and japan and china dealing with the realize state bubble. we have to get back to basics. a sound monetary policy is how you get a sustained recovery. from the mid 60s to the early 80s we had wonderful rallies in the stock market. but the market tanks in that 16-year-old period and we are doing the same thing since the 1990s. you have to look at tax rates and spending and regulations and trade. i agree with that. i...
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Jan 3, 2013
01/13
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he is talking about higher taxes, further higher taxes on the wealthy in this country, while at the same time you have a mo brooks who is saying we've got to find a way to cut spending in a meaningful way. i mean, where is the middle ground when they are not even talking in the same room here? >> well, i'll tell you what's missing, and i trust mo and i trust all the other members of congress that we elected to get in there and start working, and i'm not blaming mo in particular, but what's missing is that they are not legislating. they are not putting bills on the floor. they are having these back room discussions, back room negotiations that nobody gets to know about. mo didn't even have hardly an opportunity to read the bill that came before the floor. i mean, that's not a way to run a country, whether you're talking taxes or spending. you've got to have the legislative process work in the light of day so that everybody has an opportunity to amend the bills, put their proposition on the floor and vote, for goodness sake. that's what congress is supposed to do. >> jim, the trouble is if
he is talking about higher taxes, further higher taxes on the wealthy in this country, while at the same time you have a mo brooks who is saying we've got to find a way to cut spending in a meaningful way. i mean, where is the middle ground when they are not even talking in the same room here? >> well, i'll tell you what's missing, and i trust mo and i trust all the other members of congress that we elected to get in there and start working, and i'm not blaming mo in particular, but...
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141
Nov 8, 2013
11/13
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talk that there is a tax cut for the labor unions, $63 per household, this reinsurance tax cut. nobody is sure what that means. what do you hear? >> i'm not quite slur whure eit. there are a lot of proposals floating around particularly on obama care and what they will do to make up for the difference, those folks in the individual market. the president raising an interesting possibility tonight saying he'll do everything he can to help those people who have been affected by this, that is people kicked off of their plans who now have to buy more expensive plans. the question is what did the president mean, is he promising some kind of fix and how much money would it cost to fix that and where will they get the money to do that. all of that unknown at this point. a lot of ideas floating around in washington how to do it. p not the clear if they can. >> those are exactly the questions i had. you nailed it precisely. we'll try to fiddle around here and get more analysis. thank you. by the way, we have chuck todd, he'll join us in a few minutes, give us his personal take on his inte
talk that there is a tax cut for the labor unions, $63 per household, this reinsurance tax cut. nobody is sure what that means. what do you hear? >> i'm not quite slur whure eit. there are a lot of proposals floating around particularly on obama care and what they will do to make up for the difference, those folks in the individual market. the president raising an interesting possibility tonight saying he'll do everything he can to help those people who have been affected by this, that is...
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Mar 19, 2013
03/13
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no word yet on anybody voting for this new bank tax. but as bertha said, the situation inside cyprus very fluid. >> in the meantime, gold catching a bid there and you've got the euro pushing further to the downside. >> the problem is, with flight to safety, america's airports stink. so it's going to get harder. >> we may need a hearing on america's crumbling roads and bridges because a new report gives our infrastructure a d plus. it may not be an f but it sure isn't good. if that doesn't worry you, maybe this will. there are more than 67,000 bridges. classified as structurally deficient in america. pennsylvania governor ed rendell is here with us now. governor, another disturbing report from the asce. how do we do something about this? >> well, it's interesting, the last report was 2009 and the infrastructure got a d there. it went up to d plus based on some investments, the federal stimulus investments, some things that states have done, few things like rail jumped from a c minus to a c plus because of the joint program. so there were
no word yet on anybody voting for this new bank tax. but as bertha said, the situation inside cyprus very fluid. >> in the meantime, gold catching a bid there and you've got the euro pushing further to the downside. >> the problem is, with flight to safety, america's airports stink. so it's going to get harder. >> we may need a hearing on america's crumbling roads and bridges because a new report gives our infrastructure a d plus. it may not be an f but it sure isn't good. if...
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146
Nov 21, 2013
11/13
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it has the cadillac tax. in 2018 if your benefits cost more than the lawyer subject to 40% exsize account. they realize you're going to get that cadillac tax in four short years. when you start to pare back the benefits now, what's interesting about it, larry, to avoid it it's not enough to shift premiums for the worker. they have to get the overall costs for the plan down and you see higher deductibles. getting ready for the 2018 tax. >> they may get the pink slimts. congressman satds they were kind of sound it. >>> president obama's biggest problems with obama care came when president obama spoke about his keep your plan. >> i love that, when president obama himself comes in. jackie deangeles is more story. please stay with us. >>> welcome back to "the kudlow report." i'm jackee deangelo. there's one thing president obama and paul ryan agree on. there won't be another government shutdown in january. governor ryan thinks they'll get another deal. the sequester would stay in place. president obama today handi
it has the cadillac tax. in 2018 if your benefits cost more than the lawyer subject to 40% exsize account. they realize you're going to get that cadillac tax in four short years. when you start to pare back the benefits now, what's interesting about it, larry, to avoid it it's not enough to shift premiums for the worker. they have to get the overall costs for the plan down and you see higher deductibles. getting ready for the 2018 tax. >> they may get the pink slimts. congressman satds...
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Apr 30, 2013
04/13
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he wants to raise taxes, punitively so. he wants to raise taxes in furtherrance of what he sees is fairness and that's actually dangerous. >> in fact, we did raise taxes on january 1st. a lot. and guess what? >> more? >> mr. rogers just pointed out, a 4% quarter. so to say that raising taxes on rich people is bad for the economy just is factually incorrect. >> but the good news on that, almost everybody got a tax cut except for the very, very top. and, you know, you should be growing this economy at 5 or 6%. but the point is, why go back and do it again? >> my view is, look -- my view is, this is a middle-class problem and the problem is the middle class in this country is used to the service level that was provided by bill clinton's tax rates. when george bush cut taxes without having the courage to cut spending, that's what caused this problem. 60% of the deficit projected in 2019 -- >> when you say services, governor -- >> all i want to say is, what politicians of both parties have to tell middle class americans, if you
he wants to raise taxes, punitively so. he wants to raise taxes in furtherrance of what he sees is fairness and that's actually dangerous. >> in fact, we did raise taxes on january 1st. a lot. and guess what? >> more? >> mr. rogers just pointed out, a 4% quarter. so to say that raising taxes on rich people is bad for the economy just is factually incorrect. >> but the good news on that, almost everybody got a tax cut except for the very, very top. and, you know, you...
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127
Apr 24, 2013
04/13
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i would much rather see a full tax report of a low rate, flat tax. get rid of all this garbage and nonsense. >> ah! >> have one low rate which jerry brown proposed in 1982 and be done with all these other problems. >> we double tax investment and savings. why don't we just tax consumption. in other words, investment savings is the seed core of the whole country. that's why new jobs, new income. why would we want to tax savings, much less double and triple tax? >> sadly, larry, in washington, much of the economics profession as well does not understand that investment is the mother's milk of pros period of time. without investment, you don't get a higher standard of link. trying to put caps on capitalization is ridiculous. we should be moving back through the flat tax or other reforms and in terms of what the president proposed on 401 ks, larry, you know and i know that's the beginning. first of all, they lied no us about social security, they are double taxed. we were told they would not be taxed when we were retired. they've moved back on that promi
i would much rather see a full tax report of a low rate, flat tax. get rid of all this garbage and nonsense. >> ah! >> have one low rate which jerry brown proposed in 1982 and be done with all these other problems. >> we double tax investment and savings. why don't we just tax consumption. in other words, investment savings is the seed core of the whole country. that's why new jobs, new income. why would we want to tax savings, much less double and triple tax? >> sadly,...
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176
Nov 25, 2013
11/13
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. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco i
. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way......
88
88
Oct 29, 2013
10/13
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eye 88
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. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the cadillac ats -- 2013 north american car of the year. lease this cadillac ats for around $299 per month with premium care maintenance included. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking fo
. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the cadillac ats -- 2013 north american car of the year. lease this cadillac ats for around $299 per month with premium care maintenance...
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135
Dec 5, 2013
12/13
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in aventura, florida. $1.2 million, $10,559 taxes. it's a beautiful home. >> for the shopaholics, this is minutes away from aventura mall, the highest grossing mall in the united states. this is an aventura and country club estates. what's unique about this is there are only 80 homes in this neighborhood, and it's overlooking the golf course and a bird preserve lake. and you can walk or jog around the vita course which is three miles long. so this is a very popular neighborhood. great buy. i expect this to sell in just weeks for $1.29 million. 4 bedrooms, 3 1/2 baths. another great bargain. >> thanks for spending time with us. we appreciate it. ty, down to you. >> thank you. >>> thanks very much. "vogue" magazine described norwina as one of the most inspiring women in the world. she's also a noted economist and adviser to presidents and ceos. she gets paid to help people make smarter decisions. her thoughts for executives, investors and people like you next. when does your work end? does it end after you've expanded your business? aft
in aventura, florida. $1.2 million, $10,559 taxes. it's a beautiful home. >> for the shopaholics, this is minutes away from aventura mall, the highest grossing mall in the united states. this is an aventura and country club estates. what's unique about this is there are only 80 homes in this neighborhood, and it's overlooking the golf course and a bird preserve lake. and you can walk or jog around the vita course which is three miles long. so this is a very popular neighborhood. great...
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134
Oct 29, 2013
10/13
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. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. [ horn honks ] [ male announcer ] once in a while, everything falls into perfect harmony. [ engine revs ] and you find yourself in exactly the right place at the right time. just be sure you're in the right car when it happens. the 2014 c-class sports sedan. power, performance and style in total alignment. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. your grass waters itself. your dishes wash themselves. so why don't your floors... ...clean themselves? the irobot roomba vacuum cleaning robot. irobot. do you? (vo) our new planes don't fly any faster. but it sure feels that way. because with power ports... and wi-fi... and in-seat entertainment, for everyone on board, now when you fly, time flies too. (flight attendant) sir, we're about to land.
. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. [ horn honks ] [ male announcer ] once in a while, everything falls into perfect harmony. [ engine revs ] and you find yourself in exactly the right place at the right time. just be sure you're in the right car when it happens. the 2014 c-class sports sedan. power, performance and...
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157
Jan 4, 2013
01/13
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eye 157
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so we have tax reform. but it's a business lobby that went ahead and pushed for all of the special carveouts. so the white house and k-street business lobby are both saying we need tax reform and on the other hand, give us ours. >> let's go to the end here. big business and big banks right here on the east coast. general electric, big subsidies for green energy. and offshore tax havens. goldman sachs gets a tax credit to build a new building in downtown new york. citi also gets a subsidy for offshore. these are the banks. i thought we stopped giving money to the banks. g.e. i guess my friend jim immelt his time on those advisory committees is paying off. i mean, tim carnie, isn't this proof pudding why we need tax reform and especially business tax reform? >> tax -- >> these are stables. these are dirty stables full of you know what, tim. >> tax -- yeah, tax complexity is the lifeblood of so many lobbyists on k-street. it has a huge dead weight cost on the economy and the big guys benefit while the small gu
so we have tax reform. but it's a business lobby that went ahead and pushed for all of the special carveouts. so the white house and k-street business lobby are both saying we need tax reform and on the other hand, give us ours. >> let's go to the end here. big business and big banks right here on the east coast. general electric, big subsidies for green energy. and offshore tax havens. goldman sachs gets a tax credit to build a new building in downtown new york. citi also gets a subsidy...
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121
Mar 26, 2013
03/13
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so the answer to this problem is not a new tax and it will eventually get passed on to the consumer. but big banks should worry. a vote in the senate does show that there is moment. >> bart, you're in the camp that says we should break up the big banks, that there is a thing, too big to fail. but what's too big? where's the watermark? at what point is that bank too big to fail? and who should decide that? >> it's a good question and does need to be studied. banks have been closed up $250 billion in assets. we roughly have five banks that are more than $500 billion in assets. it's the big five. and clearly they need to be broken up. we have a major taxpayer subsidy that we shelled out four years ago, five years ago, in terms of the bailout itself. we also now have too big to jail, with companies such as hspc, laundering over $200 trillion of money without any real penalty. >> but i think we should be skeptical of washington, because a few days before dodd/frank was signed into law, secretary geithner said this bill is too big to fail. we're figuring out now, it doesn't. >> yes, it cer
so the answer to this problem is not a new tax and it will eventually get passed on to the consumer. but big banks should worry. a vote in the senate does show that there is moment. >> bart, you're in the camp that says we should break up the big banks, that there is a thing, too big to fail. but what's too big? where's the watermark? at what point is that bank too big to fail? and who should decide that? >> it's a good question and does need to be studied. banks have been closed up...
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160
Oct 30, 2013
10/13
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they're going to enjoy stable tax -- >> tax rules have been overturned before. how do investors know that this time around they're not going to to be thrown out? >> that is why we put special clause in that only members of parliament can make amendment to this investment clause. it means national consensus needed to change to mistake amendment to this law. that's why it will be very stable during maybe for vacation. and we have this kind of investment loss. >> is it china and russia who are the key investors in your country? >> our two big neighbors, it's our destiny that we're surrounded by them. mongolia s second biggest -- country in the world. but without this big advantage. but now it's turning into an advantage because this biggest supplier in the world and biggest country in the world surrounding us. and that's why we're talking about just between china and russia. it's growth. and the road for pipeline, read through mongolia. of course, it's to connect europe with asia. why well, sir, it was hong kong last month. london this month. and i love this time t
they're going to enjoy stable tax -- >> tax rules have been overturned before. how do investors know that this time around they're not going to to be thrown out? >> that is why we put special clause in that only members of parliament can make amendment to this investment clause. it means national consensus needed to change to mistake amendment to this law. that's why it will be very stable during maybe for vacation. and we have this kind of investment loss. >> is it china and...
146
146
Jan 11, 2013
01/13
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eye 146
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tax rates, but taxing the rich alone doesn't solve this problem. we have to cut spending a lot and everybody's tax rates have to go back to where they were when bill clinton was president and we might be lucky enough to have the economy. >> wasn't this a different time, can you compare both economic landscapes? >> you sure can. >> that was in the 509d 0s. we have the dotcom boom, a lot of money invested in technology. it wasn't really just the fact that it was higher tax rates. you can't just say that that was why the economy did well. >> what it was, here's -- here's what really started us off into trouble. 60% of the component of the deficit when barack obama took office was because of the bush tax cuts. they were never paid for. the same problem with politics in both parties. the republicans want to cut taxes, but they don't have the nerve to cut the programs to pay for them. the democrats want to spend more money so they don't want to raise money to pay for them. >> caroline, what's the best answers here? >> we haven't looked enough at military
tax rates, but taxing the rich alone doesn't solve this problem. we have to cut spending a lot and everybody's tax rates have to go back to where they were when bill clinton was president and we might be lucky enough to have the economy. >> wasn't this a different time, can you compare both economic landscapes? >> you sure can. >> that was in the 509d 0s. we have the dotcom boom, a lot of money invested in technology. it wasn't really just the fact that it was higher tax...
90
90
Jun 15, 2013
06/13
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eye 90
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. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. you make a great team. it's been that way since the day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical
. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. you make a great team. it's been that way since the day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same...
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163
May 1, 2013
05/13
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eye 163
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. >>> well, it's a down day for the markets, but certainly several earnings reports names are looking up. let's get to josh lipton, he has the postscript on some of these names and preview on others. josh? >> maria, lots of earnings reports. let's review some of the highlights here, humana, enjoying a nice move today. the health insurer, better than expected first quarter earnings. also, boost 2013 guidance. that stock, up some 13% so far
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're...
107
107
Jun 15, 2013
06/13
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eye 107
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. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. man: the charcoal went out already? ... forget it. vo: there's more barbeque time in every bag of kingsford original charcoal. kingsford. slow down and grill. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. why not make theuncer ] todday unforgettable?ting the internet of everything. with two times the points on travel, from taxis to trains. you'll be asking why not, a lot.
. >> or taxed. >> or taxed. [stopwatch ticking] >> as we'll discover, those offshore gambling companies even advertise here in the u.s., and it's all perfectly legal, when 60 minutes on cnbc returns. man: the charcoal went out already? ... forget it. vo: there's more barbeque time in every bag of kingsford original charcoal. kingsford. slow down and grill. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we...
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184
Mar 20, 2013
03/13
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eye 184
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around 15,000 and those below 100,000 would go tax free. on top of that, bond holders would have to be bailed in and there's talks that cyprus could sell state assets in banks and gas reserves most likely to russian investors but at this point all of the hopes are being pinned on what's coming out of russia and if all of this fails here's an interesting twist to the story. the archbishop has said that we're happy to give the state all of our resources which would be at least 3 billion euros to help the economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people can access their money in cyprus. >> absolutely. initial
around 15,000 and those below 100,000 would go tax free. on top of that, bond holders would have to be bailed in and there's talks that cyprus could sell state assets in banks and gas reserves most likely to russian investors but at this point all of the hopes are being pinned on what's coming out of russia and if all of this fails here's an interesting twist to the story. the archbishop has said that we're happy to give the state all of our resources which would be at least 3 billion euros to...
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Aug 12, 2013
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are taxes so high? >> a lot of liberal economists will tell that you tax rates could go up to 70, 80, 9 % and this is actually researched from some little economist, some who get a great hearing with the baum administration. if you look at actual behavior, we are at those levels. same thing with great britain. they raised top rates and they lost money. >> i was making a joke. it wonasn't very funny. where are they going? >> where are the people going? >> mm-hmm. >> you can get a very nice tax rate in hong kong, nice and low and flat. >> a lot in asia? >> a lot in asia. jimmy rogers going to asia, going to singapore. that's where the action is and that's where the loaf tax ratw are. >> when you do that, you can't come back. there are so many things you give up. you give up so much. >> absolutely. you can't say i want to be an american again and come on back. tax experts warn their clients you should view this as one-way ticket and they do it and in greater numbers. >> i think it's really sad. thank you s
are taxes so high? >> a lot of liberal economists will tell that you tax rates could go up to 70, 80, 9 % and this is actually researched from some little economist, some who get a great hearing with the baum administration. if you look at actual behavior, we are at those levels. same thing with great britain. they raised top rates and they lost money. >> i was making a joke. it wonasn't very funny. where are they going? >> where are the people going? >> mm-hmm. >>...
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Dec 3, 2013
12/13
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inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has been janet yellen. we're going to get a continuation of bernanke's policies and at least for the near term possibly even an acceleration -- at least versus expectations. people who thought taper was going to be in september, that obviously didn't happen. i don't think taper is happening imminently. spring at the earliest. that's enough probably to keep assets going. having said that, you want to be in careful places. go-go momentum stocks have seen drops -- >> we should be going through and parsing this out. but i'm an index guy. i know i'm not smart enough -- dom dominic, the
inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has...
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Apr 12, 2013
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cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >> welcome back to power lunch. are billionaires rich because they're smart or because they're lucky. a new study shows that billionaires are actually smarter than the rest of us. 45% of billionaires are in the top 1% of smartness. >> a big debate in america. hard work is what gets you there. do you think intelligence is what makes you rich? >> you have met a lot of ceos. many more than i have. would you say they are clearly smarter than the rest of snus. >> i think it's intelligence and luck. >> luck, work ethic, willingness to take risk. >> you have mark zuckerberg and bill gates. >> steve jobs. he didn't finish one year. >> michael dell. >> that's interesting to measure it that way. >> is that how they measure it? it wasn't an iq test it was educational attainment? >> the main one was whether you attended an e
cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >> welcome back to power lunch. are billionaires rich because they're smart or because they're lucky. a new study shows that billionaires are actually smarter than the rest of us. 45% of billionaires are in the top...
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Jul 18, 2013
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where will they get the tax base? all of the positive things he talked about, where are they going to get the money. >> my idea, simple supply side idea from our late former mentor jack kemp. make detroit a tax-free enterprise zone. make the whole place a tax-free enterprise zone and at least for a couple years and then pay the taxes later. steve, how did detroit get to where it is today? >> well, they have had a lot of economic decline obviously and a lot of bad management before they had actual corruption going back 30 years. but here's the thing, larry. the really startling thing about this is despite the fact that what they have is a very poor economy, what is eventually sinking them are enormous retirement costs. retirement costs constitute about 40% to 50% of their debt. and that is something that other american cities everyone without the poor economy of detroit still have and are confronting. it's a very troubling situation. >> and those keepers of the unfunded liabilities would not make a deal going into that
where will they get the tax base? all of the positive things he talked about, where are they going to get the money. >> my idea, simple supply side idea from our late former mentor jack kemp. make detroit a tax-free enterprise zone. make the whole place a tax-free enterprise zone and at least for a couple years and then pay the taxes later. steve, how did detroit get to where it is today? >> well, they have had a lot of economic decline obviously and a lot of bad management before...
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Aug 23, 2013
08/13
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and some of this would revolve around our tax policies and where we really need comprehensive tax reform. we need other steps to start to create a growth story here in the united states, but business can be a part of that. investing in the united states, creating jobs, because that can start the cycle, also. >> what are you expecting from back to school and from the holidays? here we are looking at all of the products for the holidays. do you have an anticipation at this point? >> i do anticipate that customers are smart, and they have more information than they've ever had. they are looking for value, and they look for quality. so i do think they'll continue to be pressured. i think the overall consumer spending in the united states, and frankly around the world, will be under pressure through the back-to-school and through the holiday season. but i think where customer dissee value and quality and their needs be met, then those retailer also do really well. that's why, actually, i feel really positive after this walmart managers meet about how walmart is so positioned. our business mod
and some of this would revolve around our tax policies and where we really need comprehensive tax reform. we need other steps to start to create a growth story here in the united states, but business can be a part of that. investing in the united states, creating jobs, because that can start the cycle, also. >> what are you expecting from back to school and from the holidays? here we are looking at all of the products for the holidays. do you have an anticipation at this point? >> i...
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Feb 1, 2013
02/13
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you've got tax reform on the table. and you've got deficit reduction and the need for bipartisan compromise on the table. what does it mean to that process that max and mitch are both up for reelection in 2014? >> it may be inside baseball but o boy oh, boy it makes it a lot tougher. really tough. max came in when i did. 78. and here he is, chairman of that finance committee and he is up for reelection. he was on our commission. felt limited i think in some ways. he was on the super commission. they did nothing. that failed. now he's got to come out and take on everybody in that huge pile of tax expenditures. realtors, life insurance -- he is headed for -- it will take a lot more than two years and especially in a reelection year. now mcconnell in reelection year. >> potential primary for mitch mcconnell? >> i think scenarios are set for anybody that violate the mantra or whatever the great issue is. the great base, whatever the base is. but if you get out there and mess around with that, they will pick you up in the pr
you've got tax reform on the table. and you've got deficit reduction and the need for bipartisan compromise on the table. what does it mean to that process that max and mitch are both up for reelection in 2014? >> it may be inside baseball but o boy oh, boy it makes it a lot tougher. really tough. max came in when i did. 78. and here he is, chairman of that finance committee and he is up for reelection. he was on our commission. felt limited i think in some ways. he was on the super...
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Jan 4, 2013
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tax levels. why would they -- why would they -- >> because there's a bigger cost. >> what's the cost? >> josh, the spirit -- >> nobody will talk about this tomorrow. >> josh, the spirit of the question is, a, isn't it hypocrisy when lloyd blankfein says we've got to give and avoids taxes and second i understand what a company has to do the best it should for shareholders, so you want your corporation to pay as little in taxes as is legally justified so your shareholders have more money. why do you have to protect an executive? >> well, so, let me get the first one. is it hypocrisy for lloyd to say we have to give? he never said we had to give. what he said was that taxes probably do need to go up, but at the same time spending has to go down. that has nothing to do with compensation that's been earned in the prior year. >> has everything to do with his compensation when he's saying that people have to pay more in taxes and then he has moved -- every other year he would get his compensation in the
tax levels. why would they -- why would they -- >> because there's a bigger cost. >> what's the cost? >> josh, the spirit -- >> nobody will talk about this tomorrow. >> josh, the spirit of the question is, a, isn't it hypocrisy when lloyd blankfein says we've got to give and avoids taxes and second i understand what a company has to do the best it should for shareholders, so you want your corporation to pay as little in taxes as is legally justified so your...
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Mar 25, 2013
03/13
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no longer are taxpayers an sovereign tax holders bear the brunt of bailing out banks. very clearly, this man who is now at the helm of 17 finance ministers of the eurozone has today given a very pointed interview with reuters in the financial times in which he said, what we did last night is what i call pushing back the risks. if there is a risk in a bank our first question should be, okay, what are you the bank going to do about that? what can you do to recapitalize yourself? this is the big bit. if the bank can't recapitalize itself then we will talk to the shareholders and bondholders. we will ask them to contribute and recapitalizing the bank and if necessary the uninsured departme deposit holders. if you have money in an italian bank at the moment over 100,000 euros and it has to be restructured, you will likely be paying the cost of that on the what is now being said in europe. and the move sharply lower on all the banking stock and european stock markets. let me show you what happened in paris and you will see this roller coaster. some of the french banks were u
no longer are taxpayers an sovereign tax holders bear the brunt of bailing out banks. very clearly, this man who is now at the helm of 17 finance ministers of the eurozone has today given a very pointed interview with reuters in the financial times in which he said, what we did last night is what i call pushing back the risks. if there is a risk in a bank our first question should be, okay, what are you the bank going to do about that? what can you do to recapitalize yourself? this is the big...
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Nov 19, 2013
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making others competitive, so they don't have the tax issues. >> steph, you agree here? who made the better call? >> i always have a problem owning a retailer where margins are coming down. you want to have the company -- that's why i asked the last analyst in the last segment, who has the most upside to margins? that's where your operating leverage is, as the top line grow, and the margins expand, you get the great earnings story. i don't think 10% decline in this name is enough just yet. >> tell us who you think won the debate. tweet us @cnbcfastmoney, use #bull or #bear. we'll give you the results, as we always did, at the end of the show. >>> copper hit the lowest price since the beginning of august. let's get more from jackie deangelis over at the nymex. afternoon. >> hey, scott. watching the copper prices closely. and we have a weaker dollar. we also have investors out there who are more optimistic about china. so the question is, why can't copper get going -- get going, given those facts? they're typically good for the industrial metal. anthony, you are here with
making others competitive, so they don't have the tax issues. >> steph, you agree here? who made the better call? >> i always have a problem owning a retailer where margins are coming down. you want to have the company -- that's why i asked the last analyst in the last segment, who has the most upside to margins? that's where your operating leverage is, as the top line grow, and the margins expand, you get the great earnings story. i don't think 10% decline in this name is enough...
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Jul 17, 2013
07/13
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you're also getting the tax break. 4.6% to a lot of investors is closer to 8% tax adjusted. so you're getting 8% tax adjusted for an incredibly high quality issuer when the treasury is up 3.6%. we love municipal bonds. there have been times that bond has traded through treasuries because of the tax benefit. 100 basis point tightening is a 15% increasing in price. >> 2013 would you touch a sub prime bond? >> we are still long sub prime. >> it's now called credit sensitive. isn't that what wall street does when we blow up one group of thiges, we change the name? when value vet gent down we changed the name to air-tran. wall street does that, too. >> steve, it's good to see you as always. thank you for spending some time with us. again, congratulations on your great performance. steve kuhn, pine river. we've been talking about the best new ideas panel behind us in the room behind us. jim chanos is on the stage. let's listen in to the famed short seller. >> -- your program and fort polipol -- portfolio. >> it's an honor to be here. i have known mark for a long, long time. almost
you're also getting the tax break. 4.6% to a lot of investors is closer to 8% tax adjusted. so you're getting 8% tax adjusted for an incredibly high quality issuer when the treasury is up 3.6%. we love municipal bonds. there have been times that bond has traded through treasuries because of the tax benefit. 100 basis point tightening is a 15% increasing in price. >> 2013 would you touch a sub prime bond? >> we are still long sub prime. >> it's now called credit sensitive....
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Apr 30, 2013
04/13
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. >> there's a big push to have the online sales tax, right? how great would that be? might that be a case of a little of too little too late for the company? >> no, i think it would be great for everybody in the brick and mortar business, from walmart to best buy action it makes sense to level the playing field. some states have already done it, but you certainly want to level the playing field. there is still a differential between price points at amazon and certainly the competition, if you include taxes, but now with the price matching programs, that will take away that difference, so the consumer can go in and feel confident that they're getting the best prices. best buy has told us one of the big obstacles is a third of the people they survey is higher. >> that's a huge deal. or do you think when you consider we're to date it's it's up. it's hard to believe. do you think about a lot of the good news is already priced in, stacy? >> sure. well, the stock is up over 100%, as you said year to date. to get in front of it now when, let's say that a l of the things on t
. >> there's a big push to have the online sales tax, right? how great would that be? might that be a case of a little of too little too late for the company? >> no, i think it would be great for everybody in the brick and mortar business, from walmart to best buy action it makes sense to level the playing field. some states have already done it, but you certainly want to level the playing field. there is still a differential between price points at amazon and certainly the...
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Mar 8, 2013
03/13
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payroll tax increases out there. is that factored into this market already? >> the good news is that the low priced retailers tend to be the bigger components -- >> simple answer, pete, what's -- >> okay so that -- >> and consumer confidence is improving. >> right. >> here's -- >> here's what's not in terms of labor participation rate you've got the major retailers, restaurants, going below 30 hours a week. they're going to have to hire more employees, participation. >> all right. >> hours worked is up that's a good thing. >> have a good weekend. steve liesman we'll be right back as well and as we head to break take a look at the s&p inching back into the green industrials materials leading the way today and coming up on the half, also, big week for dell as carl icahn joins the fight but should you follow him? two traders one debate. and you get to vote for the winner. jcpenney the stock trader ceo ron johnson took over you guys know that by now sales slumping layoffs mounting now a former retail boss tells us what h
payroll tax increases out there. is that factored into this market already? >> the good news is that the low priced retailers tend to be the bigger components -- >> simple answer, pete, what's -- >> okay so that -- >> and consumer confidence is improving. >> right. >> here's -- >> here's what's not in terms of labor participation rate you've got the major retailers, restaurants, going below 30 hours a week. they're going to have to hire more employees,...
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Aug 23, 2013
08/13
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taxes, i know plenty that have done it for that reason. if you tax something, you get less of it. tax smokers and you get less smokers. governor christie had a study that he lost $17 billion because of the high taxes in new jersey. this study showed new york lost 45 billion in ten years. there's some crazy statistic and something like 6,000 families in new york city pay 50% of the tax. so if you were to lose a hundred of them you would make a big difference in the revenue here. >> i don't think there's a purer example of the curve than this. you raise tax rates, they move away. i don't care, whether, whatever. >> last week i meet with a guy named travis young who has done a comprehensive study and he has the whole interactive map where you've probably talked to him and you can go county by county and show where the migration and the migration is going in every county and every state in the united states and it's very powerful and it shows exactly what you're talking about. >> grover, i have 20 seconds and art lafer himself moved from california to nashville, tennessee, where there
taxes, i know plenty that have done it for that reason. if you tax something, you get less of it. tax smokers and you get less smokers. governor christie had a study that he lost $17 billion because of the high taxes in new jersey. this study showed new york lost 45 billion in ten years. there's some crazy statistic and something like 6,000 families in new york city pay 50% of the tax. so if you were to lose a hundred of them you would make a big difference in the revenue here. >> i don't...
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Apr 1, 2013
04/13
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a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> >>> welcome back. technology stocks have led this decline on wall street so far today. see ma ma mody has details. >> take a look at ebay. higher on an upgrade. the an
a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com with fidelity's new options platform, we've...
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Oct 18, 2013
10/13
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can a deal be done without tax increases for the democrats. can they give that up on day one because that seems to be one of the holdups on getting anything moving here. >> this is not the end. this is not even the beginning of the end, this may be the end of the beginning. we have a long way to go. and to your point, there is not a lot of reason, i don't think, to be overly optimistic about it. i suspect a deal with any kind of meaningful tax revenues is going to be very, very hard to do. you may be able to do some stuff with so-called loopholes, deductions, things considered tax expenditures that republicans can wrap their minds around. but the issue -- if you just simply take the senate budget that was passed by patty murray, the house budget passed by paul ryan and put them next to each other. you see a huge gulf between the two sides and there's a gulf within the republican party. you remember last summer, the republicans could not pass the transportation housing of urban development deal because how rogers said it was too tight within th
can a deal be done without tax increases for the democrats. can they give that up on day one because that seems to be one of the holdups on getting anything moving here. >> this is not the end. this is not even the beginning of the end, this may be the end of the beginning. we have a long way to go. and to your point, there is not a lot of reason, i don't think, to be overly optimistic about it. i suspect a deal with any kind of meaningful tax revenues is going to be very, very hard to...
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Jan 30, 2013
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the other factor in q-1 is higher taxes. the payroll tax hike is going to hit consumer spending. we start off the year pretty soft because of consumer spending. we have positive offsets coming from housing, coming from business investment. but the economy still has a lot of challenges ahead. >> michelle, thank you for coming by. michellemeyer. we want to get a check on facebook shares. let's go to julia with more on this. julia? >> hi, melissa. i'm just right now listening to mark zuckerberg talk about mobile. he really, you know, he kicked off the call emphasizing this was a really big year for mobile. emphasizing the fact now more people are using facebook on mobile every day than they use facebook on the desk top. he did acknowledge this was hard for facebook to navigate but they have sort of figured that out with apps and advertising. that we have a strong foundation and a lot of momentum. so, it is really interesting. he understands that mobile is really what facebook is all about now. just a couple of quick words about those numbers, facebook did beat on the top and bottom
the other factor in q-1 is higher taxes. the payroll tax hike is going to hit consumer spending. we start off the year pretty soft because of consumer spending. we have positive offsets coming from housing, coming from business investment. but the economy still has a lot of challenges ahead. >> michelle, thank you for coming by. michellemeyer. we want to get a check on facebook shares. let's go to julia with more on this. julia? >> hi, melissa. i'm just right now listening to mark...
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Dec 10, 2013
12/13
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taxes on past tickets don't matter. ual. >> mike murphy. >> petro pbr, run from 14 to 19 and pulled back here recently around the 14 level again. >> dr. j what do you see? >> facebook, unusual activity. they rolled up from the 45s to the 50s in january, watch this one, judge. >> watching that and you're watching "power" right now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> gentlemen, thank you very much. crisis over, our call. steve liesman reporting the fed is likely to begin tapering next week. d.c. close to a budget deal, new regulations in place for wall street, and new dawn for the big banks. the government out of gm and europe is stabilizing. we're going to have playbook on how you should play it. what do these gentlemen think about it? a rare and exclusive interview with the co-ceo of the private equity giant carlyle group and exclusive with time
taxes on past tickets don't matter. ual. >> mike murphy. >> petro pbr, run from 14 to 19 and pulled back here recently around the 14 level again. >> dr. j what do you see? >> facebook, unusual activity. they rolled up from the 45s to the 50s in january, watch this one, judge. >> watching that and you're watching "power" right now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now....
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Jun 17, 2013
06/13
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cedric in ireland for the g-8 summit where tax avoidance is actually at the top of the agenda. steve? >> yes, tax avoidance one of the three key t's from david cameron where he tries to set what is a very attainable agenda at the g-8. you and i have been at many meetings overs years and we were in london in 2009 which is probably the greatest moment for the g-20. the g-20 is probably seen as a less important movement in terms of economic terms, and they're trying to make it morree releva, hence why that is important to the britain. he talked to the isle of man trying to get them to agree to details on money and where that money is held so they can track down people who are avoiding their taxes as well. on the agenda as well unofficially has been the syrian dispute as well. i caught a very brief word from president obama. he was walking past where i'm standing with mr. putin as well. i said, how did the bilateral talks go? he said, they went excellent, but we know there is still a gulf of opinion between president putin and president obama. >> steve, thank you very much. steve i
cedric in ireland for the g-8 summit where tax avoidance is actually at the top of the agenda. steve? >> yes, tax avoidance one of the three key t's from david cameron where he tries to set what is a very attainable agenda at the g-8. you and i have been at many meetings overs years and we were in london in 2009 which is probably the greatest moment for the g-20. the g-20 is probably seen as a less important movement in terms of economic terms, and they're trying to make it morree releva,...
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Oct 30, 2013
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in the municipal space tax free one called vmo which, you know, provides a 7 to 8% tax free yield. there are ways to beat this 1 to 2 to 3% world in a relatively riskless space. >> all right. good ideas. we like the actionable ideas. thank you very much. >> market reset here and tell our folks on the radio and on the tv what exactly is going on ins terms of the market. okay. so this is where we were sitting going into the decision to keep things as status quo, in other words no taper here from the fed today. the dow was down by about 28 points at the time, it is currently down by about 90 points. okay. we're losing steam here. as for what was happening with the ten year, we went into the decision at 2.48%. we have actually moved up. the dollar is spiking. gold, which was positive, prefed decision, is now losing steam. we are currently down. there we go by about $8. up by $8 before, now down $8. brian. >> i mean any reason? is he still there. bill, still there? >> that would be a no. >> that would be a no. i think -- >> yeah. >> bill, are you there? >> i'm here. >> oh, thank you. al
in the municipal space tax free one called vmo which, you know, provides a 7 to 8% tax free yield. there are ways to beat this 1 to 2 to 3% world in a relatively riskless space. >> all right. good ideas. we like the actionable ideas. thank you very much. >> market reset here and tell our folks on the radio and on the tv what exactly is going on ins terms of the market. okay. so this is where we were sitting going into the decision to keep things as status quo, in other words no...
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Feb 15, 2013
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besides the higher payroll taxes, higher energy prices, tougher comps compared to last year and tax refund checks are late this year. that's a major issue for a digs counter like walmart. retailers, kohl's dropped, target dropped and there's rumors that there might be interest in gap but the company doesn't comment on rumors or speculation and the higher dollar put pressure on commodities all day. the big story. energy stocks have had a great year, but the bottom line is they have all had a weak day today. finally take a look at the month, february. s&p 500 up 1.4%. maria, look at the rest of the world, all to the downside. we're outperforming everybody else. >> there you go. it looks like it's the best game in town. bob, you said something a minute ago. i want you to tell me when. when do people get the tax checks had. >> they are delayed because the irs would normally be senning out by the middle of january a large number of checks. they have been delayed several weeks because of the problems with -- with dealing with the fiscal cliff issues. >> thanks, bob. we'll see you a little later.
besides the higher payroll taxes, higher energy prices, tougher comps compared to last year and tax refund checks are late this year. that's a major issue for a digs counter like walmart. retailers, kohl's dropped, target dropped and there's rumors that there might be interest in gap but the company doesn't comment on rumors or speculation and the higher dollar put pressure on commodities all day. the big story. energy stocks have had a great year, but the bottom line is they have all had a...
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Jun 26, 2013
06/13
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. >> what do you want more of, tax less, what do you want more, tax more. >> thank you michelle caruso-cabrera. irish defender. bill o'leary a pleasure. >> coming up a cereal entrepreneur make a big bet on big data. 8:00 a.m. eastern time, mississippi fed president, narayana kocherlakota. stay tuned. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all her goals. when you want a financial advisor who sees the whole picture, turn to us. wells fargo advisors. >>> welcome back to "squawk box". the dow will open higher by 64 points. making headlines state regulators are putting the heat on virtual currency exchanges and other companies that deal with bit coin. they could be closed down if their activities run afoul of state money transmission laws. "wall street journal" reports banking regulators have issued letters telling companies they need to follow state rules or prove the rules don't apply to them. >> we're talking about big data. he's by anyone's definition is a cer
. >> what do you want more of, tax less, what do you want more, tax more. >> thank you michelle caruso-cabrera. irish defender. bill o'leary a pleasure. >> coming up a cereal entrepreneur make a big bet on big data. 8:00 a.m. eastern time, mississippi fed president, narayana kocherlakota. stay tuned. [ male announcer ] when gloria and her financial advisor made a retirement plan, they considered all her assets, even those held elsewhere, giving her the confidence to pursue all...
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Aug 21, 2013
08/13
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we have a tax on a tax in new york. enough. >> john, you heard him he wants to get rid of the capital tax on equipment and incompetent vestment, even new companies. he wants to get rid of the unincorporated tax on business and the commercial rent tax. do you agree? do you agree with those tax cuts? >> i definitely agree. i go far beyond that. i have already announced that on january 3rd i become mayor i freeze all taxes that the mayor is responsible for. that includes property taxes. larry, nobody talks about this. in the last 11 years our taxes have gone up 50% above the inflation rate. >> i'm going to stop it on january 3rd. >> why don't you cut them. >> find a way to drop them. >> why don't you cut the city income tax? the democratic candidates who are running, all the leaders, okay, they hate cops. they hate kelly. they hate business and they want to raise taxes on the rich. why don't you counter publicly with an income tax cut of your own? >> i did say that i will freeze taxes on the way to cutting them and that's
we have a tax on a tax in new york. enough. >> john, you heard him he wants to get rid of the capital tax on equipment and incompetent vestment, even new companies. he wants to get rid of the unincorporated tax on business and the commercial rent tax. do you agree? do you agree with those tax cuts? >> i definitely agree. i go far beyond that. i have already announced that on january 3rd i become mayor i freeze all taxes that the mayor is responsible for. that includes property...
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Jun 18, 2013
06/13
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half the taxpayers do not pay taxes. here is the thing with detroit though that's going to be a big issue. they have essentially said that general obligation bonds backed by the full faith and taxing power are unsecured bonds. if that were to hold up in court, i can't see it holding up, that's a watershed for all municipal bond market and we'll see what happens with that. >> you a part from detroit, which other states would you sort of avoid at this stage and if you're building a municipal bond portfolio what is the average yield? >> i have been very vocal about puerto rico and staying away from puerto rico. their problems are massive. they have been downgraded across the board. so i would absolutely stay away from that. california has been a great success story. so i think people should look to that. i think people should stay relatively short, particularly as we see the uncertainty with interest rates right now. i would say anything inside of ten years but i would really look inside of five years at this point. >> alex
half the taxpayers do not pay taxes. here is the thing with detroit though that's going to be a big issue. they have essentially said that general obligation bonds backed by the full faith and taxing power are unsecured bonds. if that were to hold up in court, i can't see it holding up, that's a watershed for all municipal bond market and we'll see what happens with that. >> you a part from detroit, which other states would you sort of avoid at this stage and if you're building a...
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Mar 27, 2013
03/13
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as you know, taxing bank deposit holders. i put that up there with whoever invented the idea of a fruitcake. it's just terrible. the ecb is still there and i continue to believe that as long as they are there, the weakness probably represents buys opportunities. >> where are you putting cash to work? are you in europe right now. if so, southern europe, northern european is more favorable? >> ultimately, there are going to be opportunities. you want to think about where you can get an attractive price. but where the companies are sourcing the revenues. despite the fact you might have a company that is domicile, it is very possible that they source the majority of their revenues from parts of asia or you have seen growth pick up in parts of asia and china as well. i think we have more conviction in the u.s. >> compare that to what we're seeing in the u.s. you're still favorable? >> i think we are. you're seeing a lot of economic data come in slightly better than expected. you have got the housing market where the trend is clear
as you know, taxing bank deposit holders. i put that up there with whoever invented the idea of a fruitcake. it's just terrible. the ecb is still there and i continue to believe that as long as they are there, the weakness probably represents buys opportunities. >> where are you putting cash to work? are you in europe right now. if so, southern europe, northern european is more favorable? >> ultimately, there are going to be opportunities. you want to think about where you can get...
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Mar 14, 2013
03/13
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what do you make of obama and corporate taxes? >> we absolutely need pro growth tax reform. that's how we'll get the economy growing. he indicated a willingness to engage in tax reform, but still wants net higher taxes to get revenue, rather than getting revenue from economic growth. and that is a bridge that we have to get across with him in terms of getting him to understand that to get the economy growing, you can't keep raising taxes and we pushed that point very hard with him today. >> senator hoeven, didn't the president come forward with a trillion in cuts and $700 billion in tax increases that he's proposing in a way that he said would do this with balance. speaker boehner in 2011 said he was going to get the house to approve a trillion dollars in tax increases and so far $600 billion or so has been approved in the last round. where does this go from here? >> clearly has not demonstrated a trillion in cuts. i have not seen that. asking for $600 billion in additional tax increases, and i and others pointed out, we just provided. he got $600 billion in tax increases wi
what do you make of obama and corporate taxes? >> we absolutely need pro growth tax reform. that's how we'll get the economy growing. he indicated a willingness to engage in tax reform, but still wants net higher taxes to get revenue, rather than getting revenue from economic growth. and that is a bridge that we have to get across with him in terms of getting him to understand that to get the economy growing, you can't keep raising taxes and we pushed that point very hard with him today....
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May 6, 2013
05/13
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>> of course, they are taxed. as you said before, the use tax is owed by us customers. but a sales tax is something altogether different. a sales tax is where new york, california, want to force you to pay their tax whether you collected it or not. so far the constitution and supreme court have said that the state patch work of sales tax systems is an unreasonable burden on interstate commerce. that's why they can't collect it today and they're begging congress to let tax auditors have unprecedented powers over interstate commerce. >> haven't they kind of had a free ride near the likes of ebay and amazon for a while, steve? doesn't it level the playing field? best buy has to obviously, you know -- >> not even close. think about it right now. amazon already collects for over half of the united states. because they have distribution centers in so many different places. when people start to pay tax in a brand-new state, it happened in california last september, well, people didn't leave amazon. they didn't buy on amazon to avoid sales tax. they buy on samazon for choice an
>> of course, they are taxed. as you said before, the use tax is owed by us customers. but a sales tax is something altogether different. a sales tax is where new york, california, want to force you to pay their tax whether you collected it or not. so far the constitution and supreme court have said that the state patch work of sales tax systems is an unreasonable burden on interstate commerce. that's why they can't collect it today and they're begging congress to let tax auditors have...
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Mar 18, 2013
03/13
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how did one potential bank tax on an island give everybody a market wedgejy? i asked, it's like fill in the blank. here's responses. it's like a 20 buck battery grounding entire 787 fleet. an unpruned tree in ohio taking down the entire northeastern power grid. like a kim kardashian marriage. only lasts a short while and utterly meaningless. bloomberg banning large sodas. sailing a carnival ship and expecting to make it home. like me giving a rip about honey boo boo's next show. >> i love all of those. >> i liked them all till the last one. jane wells has clearly not redneckognized that's a hot show. >> when you have to subtitle white people. >> thank you so much. we'll check out your blog. funny business. thanks for watching "street signs," everybody. >> closing bell. will we end the day higher? "closing bell," the most important hour of the trading day, is next. >>> hi, everybody. happy monday to you. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the market made a comeback despite europe's market. we were positive about 3
how did one potential bank tax on an island give everybody a market wedgejy? i asked, it's like fill in the blank. here's responses. it's like a 20 buck battery grounding entire 787 fleet. an unpruned tree in ohio taking down the entire northeastern power grid. like a kim kardashian marriage. only lasts a short while and utterly meaningless. bloomberg banning large sodas. sailing a carnival ship and expecting to make it home. like me giving a rip about honey boo boo's next show. >> i love...
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Apr 29, 2013
04/13
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back to you. >> with the new tax revenue, with the new tax revenue that was expected. that is good news. thank you, steve, very much. >>> very quickly as how we're doing as we head toward the close here. the s&p was sitting at all time high territory up here. need to get to 1595 and change. right now doesn't look like we're going to do that. the nasdaq has been at a 12-year high today. so we're still nowhere near the all-time highs. but going back 12 years still an impressive rally for the nasdaq. and the dow you still have about 30, 40 points a day. at the high of the day up 132. off those highs right now. peter costas, this really doesn't give up. >> no. we've said this before. this is the really no one loves. i think people will start loving it when we breakthrough 15,000 again. you know, when you see that -- you see the momentum continues and doesn't abate. i think people will start to love it. >> i was half joking about that today with other traders saying this is -- we'll hit all-time highs for the s&p maybe today. it still won't be on the front page of any newsp
back to you. >> with the new tax revenue, with the new tax revenue that was expected. that is good news. thank you, steve, very much. >>> very quickly as how we're doing as we head toward the close here. the s&p was sitting at all time high territory up here. need to get to 1595 and change. right now doesn't look like we're going to do that. the nasdaq has been at a 12-year high today. so we're still nowhere near the all-time highs. but going back 12 years still an impressive...
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Feb 4, 2013
02/13
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tax? what is it right now and what would it be after this plan? >> the state sales tax right now is 5.5%. that would not change. because, again, what we're asking is let's give up those exemptions we've granted over the years. they were done five decades ago. >> hmm. what do the statistics, or the studies that you've run show would end up happening in terms of the revenue that's brought in? >> well, there's no doubt in my mind we would grow more rapidly. that's shown in every study i've seen in states that are doing the best economically. don't have an income tax or again they have a very low rate. we have the 35th highest personal income tax rate right now. i'd like to change that. i think small businesses understand that in particular. >> we have spoken with business leaders who have told us exactly that on this set. barry stern was here last week as one of our guest hosts and he says the best states to do business with are florida and texas, two of the states that don't have income tax.
tax? what is it right now and what would it be after this plan? >> the state sales tax right now is 5.5%. that would not change. because, again, what we're asking is let's give up those exemptions we've granted over the years. they were done five decades ago. >> hmm. what do the statistics, or the studies that you've run show would end up happening in terms of the revenue that's brought in? >> well, there's no doubt in my mind we would grow more rapidly. that's shown in every...